A company that stores electricity reports its first profitable quarter: $1.6M in net income.

Oct 6, 2026
a-company-that-stores-electricity-reports-its-first-profitable-quarter:-$16m-in-net-income.

Q2 2026 net income equaled $0.22 per share, marking Bimergen’s first quarter of GAAP profitability.

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment worksHow the balance works

Q2 2026 revenue of $7.9M marked the company’s first revenue.”,”Q2 2026 net income of $1.6M ($0.22/share) marked first GAAP profitability.”,”Q2 2026 gross profit reached $4.8M.”,”Q2 2026 adjusted EBITDA reached $3.9M.”,”$13.6M public offering completed in February added funding.”,”Cash of approximately $9.4M at June 30 increased from $0.4M at year-end 2025.”,”Working capital improved to +$9.6M from -$4.5M.”,”NYSE American uplisting was completed.”,”$400 million annual revenue operation is Bimergen’s growth target from its battery storage project pipeline.”,”Project execution plans focus on bringing projects into service with joint venture partners.”]” data-news-id=”1512742″ data-rhea-loading=”false” data-ui-labels=”{“en”:{“summary”:”Rhea-AI Summary”,”positive”:”Positive”,”negative”:”Negative”,”insights”:”Insights”,”tags”:”Tags”,”none”:”None.”},”ko”:{“summary”:”Rhea-AI 요약”,”positive”:”긍정적”,”negative”:”부정적”,”insights”:”인사이트”,”tags”:”태그”,”none”:”없음.”},”it”:{“summary”:”Riepilogo Rhea-AI”,”positive”:”Positivo”,”negative”:”Negativo”,”insights”:”Approfondimenti”,”tags”:”Tag”,”none”:”Nessuno.”},”es”:{“summary”:”Resumen Rhea-AI”,”positive”:”Positivo”,”negative”:”Negativo”,”insights”:”Perspectivas”,”tags”:”Etiquetas”,”none”:”Ninguno.”},”de”:{“summary”:”Rhea-AI Zusammenfassung”,”positive”:”Positiv”,”negative”:”Negativ”,”insights”:”Einblicke”,”tags”:”Tags”,”none”:”Keine.”},”fr”:{“summary”:”Résumé Rhea-AI”,”positive”:”Positif”,”negative”:”Négatif”,”insights”:”Perspectives”,”tags”:”Tags”,”none”:”Aucun.”},”ar”:{“summary”:”ملخص Rhea-AI”,”positive”:”إيجابي”,”negative”:”سلبي”,”insights”:”رؤى”,”tags”:”العلامات”,”none”:”لا شيء.”}}” data-user-preferred-lang=”en” id=”rhea-summary-container”>

Bimergen Energy (BESS) highlighted its first revenue and GAAP profitability in Q2 2026 during its participation in MoneyShow Orlando. The quarter produced $7.9 million revenue, $4.8 million gross profit, $3.9 million adjusted EBITDA and $1.6 million net income. Adjusted EBITDA is an adjusted earnings measure before interest, taxes, depreciation and amortization.

The company completed a $13.6 million public offering in February and uplisted to NYSE American. Cash was approximately $9.4 million at June 30, versus $0.4 million at year-end 2025; working capital improved to +$9.6 million from -$4.5 million. Bimergen targets growth to a $400 million annual revenue operation from its battery energy storage project pipeline, with a focus on bringing projects into service with joint venture partners. Co-CEO Bob Brilon joins the featured energy-market keynote panel on October 6.

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Q2 2026 revenue of $7.9M marked the company’s first revenue.”,”weight”:3,”forward_looking”:false,”amount_usd”:null},{“text”:”Q2 2026 net income of $1.6M ($0.22/share) marked first GAAP profitability.”,”weight”:3,”forward_looking”:false,”amount_usd”:null},{“text”:”Q2 2026 gross profit reached $4.8M.”,”weight”:1,”forward_looking”:false,”amount_usd”:null},{“text”:”Q2 2026 adjusted EBITDA reached $3.9M.”,”weight”:1,”forward_looking”:false,”amount_usd”:null},{“text”:”$13.6M public offering completed in February added funding.”,”weight”:3,”forward_looking”:false,”amount_usd”:13600000},{“text”:”Cash of approximately $9.4M at June 30 increased from $0.4M at year-end 2025.”,”weight”:1,”forward_looking”:false,”amount_usd”:null},{“text”:”Working capital improved to +$9.6M from -$4.5M.”,”weight”:1,”forward_looking”:false,”amount_usd”:null},{“text”:”NYSE American uplisting was completed.”,”weight”:1,”forward_looking”:false,”amount_usd”:null},{“text”:”$400 million annual revenue operation is Bimergen’s growth target from its battery storage project pipeline.”,”weight”:2,”forward_looking”:true,”amount_usd”:null},{“text”:”Project execution plans focus on bringing projects into service with joint venture partners.”,”weight”:1,”forward_looking”:true,”amount_usd”:null}],”negative”:[]}” data-weighting-config=”{“unitsByWeight”:{“1″:1,”2″:3,”3″:9},”mixedBand”:{“lowerPositiveShare”:0.35,”upperPositiveShare”:0.65},”minimumVisiblePointsPerSide”:5,”sizeTagMinimumPercent”:1,”balanceWhenAnyPointWeightAtLeast”:2,”sizeTagMinimumPointWeight”:2}” id=”news-rhea-balance”>

10 points · 3 major

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

Positive

  • Major pointQ2 2026 revenue of $7.9M marked the company’s first revenue.
  • Major pointQ2 2026 net income of $1.6M ($0.22/share) marked first GAAP profitability.
  • Major point$13.6M public offering completed in February added funding. 1× market cap
  • Moderate point. Forward-looking: it has not happened yet and may not happen.$400 million annual revenue operation is Bimergen’s growth target from its battery storage project pipeline.
  • Minor pointQ2 2026 gross profit reached $4.8M.
5 minor points
  • Minor pointQ2 2026 adjusted EBITDA reached $3.9M.
  • Minor pointCash of approximately $9.4M at June 30 increased from $0.4M at year-end 2025.
  • Minor pointWorking capital improved to +$9.6M from -$4.5M.
  • Minor pointNYSE American uplisting was completed.
  • Minor point. Forward-looking: it has not happened yet and may not happen.Project execution plans focus on bringing projects into service with joint venture partners.

Revenue
$7.9M
Q2 2026

Gross profit
$4.8M
Q2 2026

Adjusted EBITDA
$3.9M
Q2 2026

Net income
$1.6M ($0.22/share)
Q2 2026

Public offering
$13.6M
Completed in February 2026

Cash
Approximately $9.4M, vs. $0.4M
At June 30, 2026, vs. year-end 2025

Working capital
+$9.6M, vs. -$4.5M
2026 milestone; comparison period not specified

gaap financial

“Reached first-ever revenue and GAAP profitability in Q2 2026.”

GAAP, or Generally Accepted Accounting Principles, are a set of standardized rules and guidelines that companies follow when preparing their financial statements. They ensure consistency, transparency, and comparability across different companies, making it easier for investors to understand and compare financial information accurately. This helps investors make informed decisions based on trustworthy and uniform financial reports.

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AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEWPORT BEACH, CA, Oct. 06, 2026 (GLOBE NEWSWIRE) — Bimergen Energy (NYSE American: BESS), a U.S.-based renewable energy infrastructure developer, owner and operator, today highlighted its strategic milestones and achievements for 2026 as the Company participates in this week’s MoneyShow Orlando.

Bimergen Energy Co-CEO Bob Brilon is honored to join the MoneyShow Orlando’s featured keynote panel, “Profit Strategies for the Great Rebalancing in Global Energy Markets,” on Tuesday, October 6 at 11:15 a.m. ET in the International Ballroom.

Brilon will appear alongside Roger Conrad and Elliott Gue of Capitalist Times and Talon Custer of Bloomberg Intelligence to discuss the forces reshaping oil, natural gas, power markets and energy investment, including surging AI-driven electricity demand.

The Company’s Board of Directors remains confident in Bimergen’s strategy and direction, underscored by the 2026 milestones featured in Brilon’s presentations:

  • Reached first-ever revenue and GAAP profitability in Q2 2026.
  • Produced $7.9M revenue, $4.8M gross profit, $3.9M adjusted EBITDA and $1.6M net income ($0.22/share).
  • Completed a $13.6M public offering in February and uplisted to NYSE American.
  • Strengthened balance sheet: cash was approximately $9.4M at June 30, up sharply from $0.4M at year-end 2025, while working capital improved to +$9.6M from –$4.5M.

“2026 has been a breakthrough year for Bimergen,” said Bob Brilon, Co-CEO. “We reached profitability in our first full quarter after uplist to NYSE American, strengthened our balance sheet and aligning all the pieces for growth to a $400 million annual revenue operation from our pipeline of battery energy storage system projects. Our focus now is execution: bringing projects into service with our joint venture partners and building long-term value for our shareholders.”

About Bimergen Energy

Bimergen Energy (NYSE American: BESS) is a U.S.-based renewable energy infrastructure developer, owner and operator focused on utility-scale battery energy storage systems. Bimergen Energy develops and operates infrastructure designed to enhance grid stability and support the integration of renewable generation across key U.S. markets. The Company generates operating revenue by buying energy at lower off-peak prices and selling it back to the same grid at higher peak prices. For more information, visit www.Bimergen.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding project in-service dates, strategic initiatives and future performance. These statements are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially, including those described in the Company’s filings with the Securities and Exchange Commission. Bimergen undertakes no obligation to update any forward-looking statement, except as required by law.

Contact

RedChip Companies, Inc.

1-407-644-4256 | 1-800-REDCHIP (733-2447)

BESS@redchip.com



FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Bimergen Energy’s BESS Q2 2026 financial results?

Bimergen generated $7.9M revenue and $1.6M net income ($0.22/share) in Q2 2026, reaching its first revenue and GAAP profitability. Gross profit was $4.8M, and adjusted EBITDA was $3.9M.

What annual revenue target did Bimergen Energy highlight at MoneyShow?

Bimergen targets growth to a $400 million annual revenue operation from its pipeline of battery energy storage system projects. This is a growth target, not achieved revenue; the company’s stated execution focus is bringing projects into service with joint venture partners.

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